25 min listen
Ep. 200: Tom Basso Interview with Michael Covel on Trend Following Radio
Ep. 200: Tom Basso Interview with Michael Covel on Trend Following Radio
ratings:
Length:
269 minutes
Released:
Jan 10, 2014
Format:
Podcast episode
Description
Michael Covel talks with Tom Basso, the trader most famously known as “Mr. Serenity” in Jack Schwager's "New Market Wizards”. Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. This is Basso’s third podcast conversation, and Covel and Basso talk about location independence; making sure trading doesn’t take up your entire life; stoicism; trend following in the emotional arena; mental exercises; the psychology of trend following; the “observer self”; the mental aspects of success; the importance of being able to lose small amounts of money; why trend following does so well when the black swans hit; Basso’s daily routine and the importance of routine in daily life. Covel and Basso also go through listener questions such as whether Basso would make the same trading decisions that he did from the start; money management v. trading; tinkering with current systems; knowing when it’s a regular drawdown v. something really going the wrong way; and whether Basso is a one-system kind of guy v. multiple systems. Note: This original #200 episode has to been updated to include all Basso interviews so far. 4 hours plus!
Released:
Jan 10, 2014
Format:
Podcast episode
Titles in the series (100)
Introduction: The Trend Following Manifesto with Michael Covel: Michael Covel, author of Trend Following, The Complete TurtleTrader, The Little Book of Trading, and Trend Commandments, introduces his podcast--The Trend Following Manifesto with Michael Covel. This is the first episode, the starting introduction, of... by Michael Covel's Trend Following